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Author Archive | Greyson

Trying the EagleFX review to figure out the company’s features

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EagleFX is a Forex brokerage located in the Commonwealth of Dominica and offers trading options on Forex pairs, company shares, commodities and cryptocurrencies alike.

Before we even begin our EagleFX review we need to say that this company is most definitely a scam. One for not holding a license with a legitimate financial regulator, and two for offering trading services to customers from places like the USA without holding any permitting documentation.

In this review, we will be trying to break down the whole process of the EagleFX scam and trying to show you how these companies operate. We will be showcasing all of their trading conditions as well as the evidence we’ve gathered on their case.

EagleFX review
Leverage: 1:500                     Regulation: N/A

Min. Deposit: 10 USD          Bonus: N/A

Spreads: from 1.5 pips          US Clients: Yes

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Find out conditions and features through this United Markets Capital review

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United Markets Capital is a subsidiary of PM Invest Consult in Sofia, Bulgaria. The company’s main products that it offers to customers are Contracts for Difference in assets such as currencies, cryptocurrencies, commodities and company shares.

In our United Markets Capital review, we will be focusing on the company’s legal documentation such as its regulatory entity and license. Compliance with European regulation due to its geographical location as well as its trading conditions compared to the rest of the market participants.

United Markets Capital review
Leverage: 1:30                      Regulation: N/A

Min. Deposit: 250 EUR      Bonus: N/A

Spreads: from 1.5 pips          US Clients: No

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CFD World review – what are the pros and cons of this broker?

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CFD World is a CFD brokerage operating from Cyprus under its parent company by the name of Goldenburg Group Ltd, which is regulated and licensed by the Cyprus Securities and Exchanges Commission.

Normally we’d immediately chuck the CFD World scam question out of the window because of the regulation, especially in Cyprus, but the terms and conditions of this brokerage have left us questioning the general criteria we use to rate these companies.

CFD World is not the best CFD broker we’ve ever seen, but some of the features are so disadvantageous that we had to resurface the scam argument again. Read the review below to find out what exactly this broker does wrong.

CFD World review
Leverage: 1:30                      Regulation: CySEC

Min. Deposit: 250 USD      Bonus: N/A

Spreads: from 3 pips          US Clients: No

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US Federal Reserve cuts interest rates – allows better consumer spending

The United States Federal Reserve convened this week on their decision to lower the national interest rates by a quarter of a percent. This discussion has been going on for at least a year now, as President Donald Trump was always campaigning for the cut.

The opinions of experts on the matter are pretty much cut right in the middle. Some fear that this was a desperate attempt to avoid an upcoming recession, while others believe that it was a decision made to boost the economy in the future.

Slowing economic growth has been a constant occurrence in the world, but many say that there’s only so much a country’s economy can experience this growth until it comes to a complete stand-still.

But it’s been said that countries are like sharks if they stop moving they are going to eventually die due to poor economic circulation.

What will the rate cut entail?

The federal interest rate cut is likely to tumble the USD a little bit in the mid-term. Although it actually helped it appreciate a little bit for the short term, having such a sentiment come from such an important financial institution in the US is sure to ruffle some feathers with speculators.

The rate cuts are going to allow US consumers to have better access to state and commercial loans, which could potentially translate either into better and more investments in the future, or overall better consumer spending in the United States.

As statistics show, consumer spending has been going on the low-end for the past couple of years while companies have miraculously been growing without an end in sight.

This is nothing but an economic bubble in the making. Soon enough the USD’s strength would have reached trade deficits to a point where the government wouldn’t be able to retain it anymore, and the population would simply not have enough funds to access most of the country’s goods.

Companies would lose a large majority of their customer base and fail to maintain the growth pattern that investors have started to become accustomed to. Such a sudden change in the economic reality would introduce something similar to 2008, from which the world is still recovering.

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HWFX review of the broker’s features on the EU markets

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When we first started our HWFX review we thought that the company was a simple Forex brokerage, but upon closer inspection, it became apparent that they promote their conditions on trading CFDs on a much larger scales than good old margin trading on Forex currency pairs.

Regardless through, whatever trading options they offer, they still fall under the classification of a financial service provider, therefore they’ll be reviewed as such.

Follow our review down below and find out what you can expect from this brokerage and if you can even trust it in the first place.

HWFX review
Leverage: 1:30                      Regulation: CySEC

Min. Deposit: 200 USD      Bonus: N/A

Spreads: from 1.5 pips          US Clients: No

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Discount FX review – what are the pros and cons of trading with this broker?

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Discount FX seemingly came out of nowhere in the FX market, but it turns out that it’s been active for years now. The activity though is derived solely from its parent company GBE Brokers Ltd, which is located in Limassol Cyprus and has a local regulatory license from the Cyprus Securities and Exchanges Commission.

Our today’s Discount FX review will focus on the circulating rumors about the brokerage being a scam. We will look into the trustworthy factors alongside the overall trading conditions that the broker offers.

Discount FX review
Leverage: 1:200                   Regulation: CySEC

Min. Deposit: 500 USD      Bonus: N/A

Spreads: from 0.4 pips         US Clients: No

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Doo Prime review – find out the broker’s features and the scam controversy

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Doo Prime is definitely not a new kid on the bloc judging from the fact that its a subsidiary of a rather large Group Holding in Hong Kong. However, despite it being a subsidiary, our Doo Prime review found out that the brokerage has some skeletons in the closet that it doesn’t want to be found.

Read our detailed review below to find out if the broker is worth your time. You’ve probably already guessed based on the rating, but still, knowing the reason is always much more beneficial than the final rating.

Doo Prime review
Leverage: 1:400                   Regulation: N/A

Min. Deposit: 100 USD      Bonus: N/A

Spreads: from 1.1 pips         US Clients: No

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TNFX review – all you need to know about the broker

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You’ve probably only recently come across TNFX Forex brokerage and are looking for answers to the questions you’ve undoubtedly accumulated. Read our detailed TNFX review below to find out if this broker is what it promotes itself to be. If you want a hint, then we can say that they’re definitely not what they seem.

TNFX review
Leverage: 1:400                   Regulation: N/A

Min. Deposit: 300 USD      Bonus: N/A

Spreads: from 1.3 pips         US Clients: No

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Capex review to introduce the CFD broker

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Capex is a CFD brokerage operating in the European Union. It boasts licenses from several large financial regulators in the region such as the FCA (United Kingdom), BaFin (Germany), CySEC (Cyprus) and KNF (Poland).

The company is a rebranded version of CFDGlobal.com, which more or less gives us a reason to disregard Capex scam in all shape or form. Capex is headquartered in Cyprus, but most likely has offices in all the licensed countries as well, but that much isn’t certain.

Due to the ESMA restrictions on CFD products, Capex doesn’t have too many unique features, but there are some that stick out here and there. Let’s find out what they are and how the company operates.

Capex review
Leverage: 1:30                      Licences: CySEC

Min. Deposit: 1000 USD    Bonus: N/A

Spreads: from 3 pips             US Clients: No Continue Reading →

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Three Basic Trading Strategies for Beginners

There are many ways to trade the  markets. Prior to risking your capital, you need to determine the type of trading strategy you plan to use to take advantage of the marketYour strategies could be fundamental where you look for changes in the macro-environment to take a view on a currency pair, or you could use technical analysis. This is the study of past price action which helps you predict the future movements of a currency pair. Here are three basic trading strategies that a beginning trader can use.

Trend Following

A trend is the movement of price in a specific direction that continues to perpetuate. The markets in theory only trend 30% of the time, which means that it’s important to jump aboard as soon as a trend starts. One of the easiest trend-following strategies to follow is the moving average crossover strategy. A simple moving average is the average of a specific number of days. For example, a ten-day moving average takes the simple average of the past 10-days. On day eleven, the first day in the averaging period is dropped from the calculation. A moving average helps remove some of the choppiness of day to day changes in an exchange rate.

A Simple Moving Average Crossover Strategy

 crossover strategy tells you to buy an exchange rate when a slower moving average (such as the 10-day moving average) crosses above a longer-term moving average (such as the 40-day moving average). You can see from the chart of the USD/JPY there are several signals that tell you when to purchase the USD/JPY currency pair and when .

Trading Strategy Chart

The risk management of this strategy can be as simple as reversing your position when the reverse signal appears.

Exponential Moving Average Crossover

Another similar trading strategy is the exponential moving average crossover strategy. This trading strategy increases the relevance of the recent days, by weighting the current period more than the prior period of the moving average. Since a moving average is a lagging indicator, the exponential moving average attempt to generate a trend signal ahead of a simple moving average crossover trading strategy.

Momentum Trading Strategy

A simple momentum trading strategy is the Moving Average Convergence Divergence Crossover Strategy. The MACD generates a momentum buy and signal.

Momentum Trading

The MACD evaluated momentum by analyzing the difference between a short term moving average (the 12-day moving average) and a longer-term moving average (the 26-day moving average). This is called the MACD line. It then compares this difference (the MACD line) to a moving average of the difference (the MACD signal line). When the MACD line crosses over the MACD signal line a buy signal is generated (green arrows). When the MACD line cross below the MACD signal line (the red arrows), a sell signal is generated. The risk management of this strategy can be as simple as exiting a position when the reverse signal occurs.

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